Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Effective Date Fiscal Year 2017 

Prepared By: 

Financial and Budgetary Reports Division 

United States Standard General Ledger Advisory Division 

Governmentwide Accounting 

Bureau of the Fiscal Service 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 2 of 32 

Version Number 

Date Description of Change Effective 

USSGL TF

1.0 03/01/2016 Scenario was presented at August 6 and December 3 2015 IRC 

meetings. 

15-01 

2.0 4/20/2017 Scenario updated to clarify assumptions and change Reclassified 

Statement of Net Cost. Presented at April 20, 2017 IRC Meeting 

17-06 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 3 of 32 

Introduction This scenario focuses on intragovernmental activities related to the buy/sell transactions of capitalized assets and scenario does not address assisted acquisitions, or when the selling agency does not recognize inventory but insteand then sells it to another federal entity who capitalizes the good. The purpose of consolidated statements is to show the results of operations and the financial position of the relate

entity. According to ARB 51, Consolidated Financial Statements, “the complete elimination of the intercompanconsistent with the underlying assumption that consolidated statements represent the financial position and opera

single business enterprise”. Therefore, from the consolidated perspective, changing hands of capitalized assets soverall net position of the consolidated entity. Any profit or loss associated from these transactions should be eli

the Financial Report of the U.S. Government (FR). Within GTAS, memorandum accounts 880100-880400 are used to eliminate intragovernmental asset transaction

2015 TFM 2-4700. However, the memo accounts are not crosswalked into GFRS at year end causing eliminatiooverstatement of expenses and revenues at year-end on the FR. In this scenario you will see where these USSGL crosswalked allowing for proper intragovernmental eliminations at year-end. This scenario proposes changes to the Reclassified Statement of Net Cost, a new USSGL account, and modifying the Federal Non-Federal Attribute in GTAS for various USSGL accounts. By making these changes, and agenciguidance that follows, it will eliminate current intragovernmental elimination issues (currently in the billions) an

the Reclassified Statement of Net Cost at the governmentwide level for Capital Asset Buy/Sell Transactions. In scenario will look at the sale of inventory from one Federal Agency to another Federal Agency, and how to proptransaction depending on the assumption of the ordering agency. However, by having the USSGL Memo Accoucrosswalked (as illustrated in this scenario) for agencies’ closing packages these current intragovernmental differresolved in addition to transactions where agencies are selling inventory. For illustrative purposes, and to be con

Circular No. A-11, this scenario refers to the selling agency as the performing agency and the buying agency as t
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 4 of 32 

New USSGL Accounts (Approved August 2015)Account Title: Expensed Asset Account Number: 615000 Normal Balance: Debit Transaction Codes: B402 and F336 Definition: The amount of expenses recognized by a purchasing agency when a capitalized asset acquired from aagency does not meet the purchasing agency’s capitalization threshold. Justification: This account was established to separate activity out of account 610000 pertaining to an asset purc

This account will be effective FY 2016. Not only should agencies use this account to report previously capitalize

from another Federal entity, they should use it when purchasing inventory from another Federal entity as well. Tproper presentation of the FR, reflecting this expense at the government wide level and this USSGL account doe

USSGL Proprietary Account Reporting 

USSGL 

Account 

USSGL Account Title Budg/Prop Normal 

Balance 

Begin/End Debit/Credit Appo

615000 Expensed Asset P D E D/C 

Bulk File Proprietary Account Reporting 

USSGL 

Account 

USSGL Account Title Fed/NonFed Trading Ptnr Tr

615000 Expensed Asset 

USSGL Proprietary and Budgetary Account Attribute Table 

 TAS Attributes 

USSGL 

Account 

USSGL Account Title GTAS Fund Type Code Reporting 

Type Code 

TAS 

Status 

615000 Expensed Asset CF/DF/EC/EG/EM/ 

EP/ER/ES/ET/GA/ TR/UG/US/UT 

E/F/U U/E 

Impact on Crosswalks (FY 2016) 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 5 of 32 

USSGL 

Account 

Balance Sheet Net Cost Net 

Position 

Custodial 

Activity 

Reclassified 

Balance 

Sheet 

Reclassif

Net Co

615000 Line 32, 33 Line 1 N/A N/A Line 9.1, 9.2 Line 2 USSGL Account Domain Value ModificationAccount Title: Cost of Goods Sold Account Number: 650000 Definition: The total cost of inventory sold including raw materials, direct labor, and overhead. Attribute: Federal NonFederal Code Domain Values: Proposed “F/N” Justification: The current process recognizes Cost of Goods Sold (COGS) as “N” activity only. The reason “N” assigned to account 650000 is because by definition the inventory is an “N” account, therefore any cost associateshould also be treated as “N” activity. The same methodology applies to gains and losses on disposition of assetcurrent process, the determination of “N” is causing the COGS to not be eliminated at year-end on the FR. AccoConsolidated Financial Statements, “the complete elimination of the intercompany profit or loss is consistent wit

assumption that consolidated statements represent the financial position and operating results of a single business 

Therefore, from the consolidated perspective, changing hands of capitalized assets should not impact the overall consolidated entity. Any profit or loss associated should be eliminated when reconciling all “F” accounts. The cstill has the ownership of the same asset throughout the transfer between government entities. Including an F attallow the account to eliminate with 880100 (offset to Purchase) and properly reflect the Net Position of the FR. Account Title: General Property, Plant, and Equipment and Inventory and Related Property Account Number: 171100-189900 and 151100-152900 Attribute: Current Fed/NonFed, proposed elimination of attributes Domain Value: None Justification: All inventory accounts are non-fed accounts for consolidation purposes and should be reflected on To avoid any confusion with eliminations or possible system issues, the attribute was removed. USSGL account Crosswalk Modifications 

Account Title: Memorandum Accounts 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 6 of 32 

Account Number: 880100-880400 Normal Balance: 880100 Credit, 880200-880400 Debit Definition: 880100: The amount recorded to offset activity in USSGL accounts 880200-880400 which close into this accoun

 This account does not close at yearend. 880200: The amount of capitalized property, plant, and equipment purchased during the fiscal year. 880300: The amount of inventory and related property purchased during the fiscal year. 880400: The amount of other assets purchased during the fiscal year, not otherwise classified in the USSGL acco & 880300. Crosswalks: Currently not crosswalked, see proposal below Justification: Currently, COGS and Revenue are being overstated at yearend because accounts 880100-880400 into GFRS. USSGL account 880100 will be added to RC24 and all memo USSGL accounts will be added to line

Assets) and 7.5(Purchase of Assets Offsets) of the Reclassified Statement of Net Cost. These lines will be assoc

Gross Cost section of the statement that will offset each other having no effect on the overall Net Cost. Howeverfor elimination purposes. Impact on Crosswalks 

USSGL 

Account 

Balance 

Sheet 

Net Cost Net 

Position 

Custodial 

Activity 

Reclassified 

Balance 

Sheet 

Reclassifie

Net Cost 

880200-880400 (F) 

Line 32, 33 Line 1 N/A N/A Line 9.1, 9.2 Line 7.4 

880100 (F) Line 32, 33 Line 1 N/A N/A Line 9.1, 9.2 Line 12.3 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 7 of 32 

Listing of USSGL Accounts Used in This Scenario 

Account Number Account Title Budgetary 411900 Other Appropriations Realized 420100 Total Actual Resources – Collected421000 Anticipated Reimbursements and Other Income 422100 Unfilled Customer Orders Without Advance 425100 Reimbursements and Other Income Earned-Receivable 445000 Unapportioned Authority 451000 Apportionments 459000 Apportionments – Anticipated Resources – Programs Subject to Apportionment 461000 Allotments – Realized Resources 465000 Allotments - Expired Authority480100 Undelivered Orders – Obligations, Unpaid 490100 Delivered Orders – Obligations, Unpaid Proprietary 101000 Fund Balance With Treasury 131000 Accounts Receivable 152100 Inventory Purchased for Resale 152700 Inventory – Finished Goods 175000 Equipment 175900 Accumulated Depreciation on Equipment 211000 Accounts Payable 310100 Unexpended Appropriations – Appropriations Received 310700 Unexpended Appropriations – Used 331000 Cumulative Results of Operations 510000 Revenue From Goods Sold 570000 Expended Appropriations 615000 Expensed Asset 650000 Cost of Goods Sold 671000 Depreciation, Amortization, and Depletion 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 8 of 32 

Account Number Account Title Memorandum 880100 Offset for Purchases of Assets 880200 Purchases of Property, Plant and Equipment 880300 Purchases of Inventory and Related Property 880400 Purchases of Assets - Other *For Account Definitions please refer to the USSGL TFM Section II. Proposed Buy/Sell Process Assumptions 

 The Ordering Agency is one agency with three different possible assumptions. 

 Ordering Agency: Assumption 1: Asset meets capitalization threshold and is recorded as Property, Plant 

 Ordering Agency: Assumption 2: Asset did not meet capitalization threshold, therefore the asset is expen

 Ordering Agency: Assumption 3: Asset is recorded as inventory.  Beginning trial balance is not presented 

Illustrative Transactions 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 9 of 32 

1. To record the Ordering Agency’s enactment of appropriation. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry None 411900 Other Appropriations 

 Realized 

 445000 Unapportioned Authority  Proprietary Entry Proprietary Entry None 101000 Fund Balance With Treasury  310100 (G) Unexpended 

 Appropriations – Appropriations  Received 

 

2. To record budgetary authority apportioned by the Office of Management and Budget and available for allotm

Performing Agency DR CR TC Ordering AgencyAssumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry None 445000 Unapportioned Authority  451000 Apportionments  Proprietary Entry Proprietary Entry None None 3. To record the allotment of authority. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry None 451000 Apportionments 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 10 of 32 

 461000 Allotments - Realized 

 Resources 

 

 Proprietary Entry Proprietary Entry None None 4. To record anticipated reimbursement. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 421000 Anticipated Reimbursements  and Other Income 

5,000 None 

 445000 Unapportioned Authority 5,000  A702 Proprietary Entry Proprietary Entry None None 5. To record anticipated resources apportioned but not available for use until they are realized for anticipated resoto apportionment. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 445000 Unapportioned Authority 5,000 None  459000 Apportionments – 5,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 11 of 32 

 Anticipated Resources – Programs  Subject to Apportionment  A118 Proprietary Entry Proprietary Entry None None 6. To record in the performing agency a reimbursable agreement without an advance that was previously anticipaundelivered order for the ordering agency. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 422100 Unfilled Customer Orders  Without Advance 

5,000 461000 Allotments - Realized 

 Resources 

 421000 Anticipated Reimb. and  Other Income 

 5,000 480100 Undelivered Orders – 

 Obligations, Unpaid 

 

 A706 Proprietary Entry Proprietary Entry None None 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 12 of 32 

7. To record the realization of previously anticipated and apportioned authority for programs subject to apportion

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 459000 Apportionments - Anticipated  Resources - Programs Subject to  Apportionment 

5,000 None 

 461000 Allotments – Realized  Resources 

 5,000 

 A122 Proprietary Entry Proprietary Entry None None 8. To record the inventory purchased for resale by the Performing Agency. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 461000 Allotments – Realized  Resources 

5,000 

None 

 490100 Delivered Orders – 

 Obligations, Unpaid 

 5,000 

 B430 Proprietary Entry Proprietary Entry 152100 Inventory Purchased for  Resale 

5,000 None 

 211000 (N) Accounts Payable 5,000 9. To record activity for current-year purchases of inventory and related property. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 13 of 32 

and 3 

Memorandum Entry G122 Memorandum Entry 880300 (N) Purchases of Inventory and Related Property 

5,000 None 

880100 (N) Offset for Purchases of Assets 

 5,000 

10. To record revenue earned in the performing agency for goods or services performed on a reimbursable order 

The ordering agency would record either transaction 12, 16, or 19 illustrated below depending on which assumpt

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 

Budgetary Entry Budgetary Entry 425100 Reimbursements and Other  Income Earned - Receivable 

5,000 None 

422100 Unfilled Customer Orders  Without Advance 

5,000 

 A714 Proprietary Entry Proprietary Entry 131000(F) Accounts Receivable 5,000 None 

510000(F) Revenue from Goods  Sold 

5,000 

11. To record cost of goods sold. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2, 

and 3 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 14 of 32 

Budgetary Entry Budgetary Entry None None  E408 Proprietary Entry Proprietary Entry 650000(F) Cost of Goods Sold1 5,000 None 

152100 Inventory Purchased for  Resale 

5,000 

Entries 12 – 15 apply to Assumption 1: the asset meets capitalization threshold and is recorded as Property, Pla

12. Ordering Agency 1 meets the capitalization threshold and accrues a liability for the asset that meets the capita

Performing Agency DR CR TC Ordering Agency Assumption 1 

Budgetary Entry Budgetary Entry None 

 480100 Undelivered Orders – 

 Obligations, Unpaid 

 490100 Delivered Orders – 

 Obligations, Unpaid 

 Proprietary Entry Proprietary Entry None 175000 Equipment 

 211000(F) Accounts Payable 

13. To record appropriations used this fiscal year. 

Performing Agency DR CR TC Ordering Agency Assumption 1 

Budgetary Entry Budgetary Entry None None 1 OMB Circular A-136 Note 22: Preceding transactions in a product’s life cycle will not have an impact on subsequent tran

entity purchases goods or services from another Federal entity, capitalizes them into inventory, and later resells them to the 

original purchase of resale assets from the other Federal entity will be classified as “intragovernmental” at the time of the pusale to the end user, the resulting cost of goods will be classified as “with the public.” The purpose of this classification is to 

Government to provide consolidated financial statements, and not to match public and intragovernmental revenue with cos

produce public and intragovernmental revenue. 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 15 of 32 

 Proprietary Entry Proprietary Entry None 310700(G) Unexp Approp - Used 

 570000(G) Expended 

 Appropriations 

14. To record activity for current-year purchase of property, plant and equipment. 

Performing Agency DR CR TC Ordering Agency Assumption 1 

Memorandum Entry Memorandum Entry None 880200(F) Purchases of PPE 

 880100(F) Offset to Purchases of 

 Assets 

15. To record depreciation, amortization, and depletion expense on assets other than investments. 

Performing Agency DR CR TC Ordering Agency Assumption 1 

Budgetary Entry Budgetary Entry None None  Proprietary Entry Proprietary Entry None 671000(N) Deprec, Amort, and 

 Depletion 

 175900 Accumulated Deprec on 

 Equip 

Entries 16 – 18 apply to Assumption 2: the asset did not meet the capitalization threshold. Therefore the asset 16. Ordering Agency 2 does not meet the capitalization threshold and expenses the asset 

Performing Agency DR CR TC Ordering Agency Assumption 2 

Budgetary Entry Budgetary Entry 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 16 of 32 

None 

 480100 Undelivered Orders – Oblig, 

 unpaid 

 490100 Delivered Orders – Oblig, 

 unpaid 

 Proprietary Entry Proprietary Entry None 615000 Expensed Asset 

 211000(F) Accounts Payable 

17. To record appropriations used this fiscal year. 

Performing Agency DR CR TC Ordering Agency Assumption 2 

Budgetary Entry Budgetary Entry None None  Proprietary Entry Proprietary Entry None 310700(G) Unexp Approp - Used 

 570000(G) Expended 

 Appropriations 

18. To record activity for current-year purchases of other assets not recorded as Property, Plant and Equipment, or Invento

Performing Agency DR CR TC Ordering Agency Assumption 2 

Memorandum Entry Memorandum Entry None 880400(F) Purchases of Assets - Other 

 880100(F) Offset to Purchases of 

 Assets 

Entries 19 – 21 apply to Assumption 3: the asset is recorded as inventory. 19. Ordering Agency 3 records asset as inventory. 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 17 of 32 

Performing Agency DR CR TC Ordering Agency Assumption 3 

Budgetary Entry Budgetary Entry None 

 480100 Undelivered Orders – Oblig, 

 unpaid 

 490100 Delivered Orders – Oblig, 

 unpaid 

 Proprietary Entry Proprietary Entry None 152700 Inventory – Finished Goods 

 211000(F) Accounts Payable 

20. To record appropriations used this fiscal year. 

Performing Agency DR CR TC Ordering Agency Assumption 3 

Budgetary Entry Budgetary Entry None None  Proprietary Entry Proprietary Entry None 310700(G) Unexp Approp - Used 

 570000(G) Expended 

 Appropriations 

21. To record activity for current-year purchase of inventory and related property. 

Performing Agency DR CR TC Ordering Agency Assumption 3 

Memorandum Entry Memorandum Entry None 880300(F) Purchases of Inventory and 

 Related Property 

 880100(F) Offset to Purchases of 

 Assets 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 18 of 32 

Pre-Closing Adjusted Trial Balance of Each Scenario 

 Performing Agency Ordering Agency 

Assumption 1 

Ordering Age

Assumption 

Account Description Debit Credit Debit Credit Debit CBudgetary411900 Other Appropriations Realized - 5,000 5,000 421000 Anticipated Reimb & Other Inc - 422100 Unfilled Cust Ord w/o Advance - 425100 Reim and Other Inc Earned - Receiv 5,000 445000 Unapportioned Authority - 451000 Apportionments - - 459000 Apportionment – Ant Resources - 461000 Allotment – Realized Resources - - 480100 Undelivered Orders – Oblig, unpaid - 490100 Delivered Orders – Oblig, unpaid 5,000 5,000 Total 5,000 5,000 5,000 5,000 5,000 Proprietary 101000 (G) FBWT - 5,000 5,000 131000 (F) Accounts Receivable 5,000 152100 Inventory – Purchased for resale - 152700 Inventory – Finished Goods 175000 Equipment 5,000 175900 Accumulated Deprec on Equip 1,000 211000 (N) Accounts Payable 5,000 211000 (F) Accounts Payable 5,000 310100 (G) Unexp Approp – Received 5,000 310700 (G) Unexp Approp – Used 5,000 5,000 331000 Cumulative Results of Operations 510000 (F) Revenue from Goods Sold 5,000 570000 (G) Expended Appropriations 5,000 615000 Expensed Asset 5,000 650000 (F) COGS 5,000 671000 (N) Depreciation 1,000 Total 10,000 10,000 16,000 16,000 15,000 1
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 19 of 32 

 Performing Agency Ordering Agency 

Assumption 1 

Ordering Age

Assumption 

Account Description Debit Credit Debit Credit Debit CMemorandum880100 (F) Offset of Purchases of Assets 5,000 880100 (N) Offset of Purchases of Assets 5,000 880200 (F) Purchases of PPE 5,000 880300 (F) Purchases of Inventory 880300 (N) Purchases of Inventory 5,000 880400 (F) Purchases of Assets - Other 5,000 Total 5,000 5,000 5,000 5,000 5,000 

Closing Entries Performing Agency (Entry consistent regardless of Ordering Agency entry) 

22. To record closing of revenue and expended appropriation to cumulative results of operations. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2 

and 3 

Budgetary Entry Budgetary Entry None None  F336 Proprietary Entry Proprietary Entry 510000(F) Revenue from Goods Sold  331000 Cumulative Results of  Operations 

5,000 

5,000

 570000 (G) Expended Appropriations 

 331000 Cumulative Results of  Operations 

23. To record closing of expenses to cumulative results of operations. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 20 of 32 

and 3 

Budgetary Entry Budgetary Entry None None  F336 Proprietary Entry Proprietary Entry 331000 Cumulative Results of  Operations  650000(F) Cost of Goods Sold 

5,000

5,000

 None 

24. To record closing of expenses to cumulative results of operations. 

Performing Agency DR CR TC Ordering Agency Assumption 1 

Budgetary Entry Budgetary Entry None None  Proprietary Entry Proprietary Entry None 331000 Cumulative Results of 

 Operations  671000(N) Depreciation,  Amortization, and Depletion 

25. To record closing of expensed asset to cumulative results of operations. 

Performing Agency DR CR TC Ordering Agency Assumption 2 

Budgetary Entry Budgetary Entry None None  Proprietary Entry Proprietary Entry None 331000 Cumulative Results of 

 Operations  615000 Expensed Asset 

26. To record closing of memorandum accounts for property, plant and equipment. 

Performing Agency DR CR TC Ordering Agency Assumption 1 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 21 of 32 

Memorandum Entry Memorandum Entry None 880100(F) Offset for Purchases of 

Assets  880200(F) Purchase of PP&E 

27. To record closing of memorandum accounts for current-year purchases of other assets.

Performing Agency DR CR TC Ordering Agency Assumption 2 

Memorandum Entry Memorandum Entry None 880100(F) Offset for Purchases of 

Assets  880400(F) Purchases of Assets - Other

28. To record closing of memorandum accounts for purchases of inventory. 

Performing Agency DR CR TC Ordering Agency Assumption 3 

Memorandum Entry F370 Memorandum Entry 880100(N) Offset for Purchases of Assets  880300(N) Purchase of Inventory  and Related Property 

5,000 

5,000

 880100(F) Offset for Purchases of 

Assets  880300(F) Purchase of Inventory  and Related Property 

29. To record closing of fiscal-year activity to unexpended appropriations. 

Performing Agency DR CR TC Ordering Agency Assumption 1, 2 

and 3 

Budgetary Entry Budgetary Entry 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 22 of 32 

None None  Proprietary Entry Proprietary Entry  None 310100(G) Unexp. Appropriations – 

 Received  310700(G) Unexp. Appropriation –  Used 

30. To record the consolidation of actual net-funded resources and reductions for withdrawn funds.

Performing Agency DR CR TC Ordering Agency Assumption 1, 2 

and 3 

Budgetary Entry Budgetary Entry None 420100 Total Actual Resources – 

 Collected

 411900 Other Appropriations Realized  Proprietary Entry Proprietary Entry None None 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 23 of 32 

Post-Closing Trial Balance of Each Scenario 

 Performing Agency Ordering Agency 

Assumption 1 

Ordering Age

Assumption 

Account Description Debit Credit Debit Credit Debit CBudgetary420100 Total Actual Resources - Collected 5,000 5,000 425100 Reim and Other Inc Earned - Receiv 5,000 465000 Allotments - Expired Authority 490100 Delivered Orders – Oblig, unpaid 5,000 5,000 Total 5,000 5,000 5,000 5,000 5,000 Proprietary 101000 (G) FBWT 5,000 5,000 131000 (F) Accounts Receivable 5,000 152100 Inventory – Purchased for resale 152700 Inventory – Finished Goods 175000 Equipment 5,000 175900 Accumulated Deprec on Equip 1,000 211000 (N) Accounts Payable 5,000 211000 (F) Accounts Payable 5,000 331000 Cumulative Results of Operations 4,000 Total 5,000 5,000 10,000 10,000 5,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 24 of 32 

Financial Statements: 

BALANCE SHEET 

 Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

Orde

Age

Assum

2 

 Assets:  Intragovernmental1. Fund Balance With Treasury (101000E) 5,000 3. Accounts Receivable (131000E) 5,0006. Total Intragovernmental (calc.) 5,000 5,000  Assets With the Public: 12. Inventory & Related Property(152100E, 152700E) 13. Equipment (175000E) 5,00014. Accum Deprec. on Equip (175900E) (1,000)15. Total Assets (calc.) 5,000 9,000  Liabilities: Intragovernmental 17. Accounts Payable (211000E) 5,000 19. Other 20. Total Intragovernmental (calc.) - 5,000  Liabilities With Public:21. Accounts Payable (211000E) 5,00028. Total Liabilities (calc.) 5,000 5,000  Net Position:31. Unexpended Appropriations – All Other Funds ( 310100E, 310700E, 

331000B) 

-- 

33. Cumulative Results of Operations – All Other Funds (510000E, 570000E, 

615000E, 650000E, 671000E, 880100E, 880200E, 880300E, 880400E) 

- 4,000 

35. Total Net Position – All Other Funds (calc.) - 4,000 36. Total Net Position (calc.) - 4,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 25 of 32 

BALANCE SHEET 

 Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

Orde

Age

Assum

2 

 Assets: 37. Total Liabilities and Net Position (calc.) 5,000 9,000 

STATEMENT OF CHANGES IN NET POSITION 

STATEMENT OF NET COST 

 Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

Ord

Ag

Assu

 Gross Program Costs:  Program A: 1. Gross costs (615000E, 650000E, 671000E, 880100E, 880200E, 880300E, 

880400E) 

5,000 1,000 

2. Less: earned revenue (510000E). 5,000 - 3. Net Program costs (calc. 1-2) - 1,000 5. Net program costs including Assumption change: (calc. 3+4) - 1,000 8. Net cost of operations (calc. 5+6-7) - 1,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 26 of 32 

Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

Ord

Ag

Assu

 Cumulative Results of Operations:  Budgetary Financing Sources: 5. Appropriations Used (570000E) 5,000 14. Total Financing Sources (calc. 4..13) 5,000 15. Net Cost of Operations (+/-) (1,000) 16. Net Change (calc 14-15) 4,000 17. Cumulative Results of Operations (calc. 3+16) 4,000  Unexpended Appropriations:  Budgetary Financing Sources: 21. Appropriations Received (310100E) 5,000 24. Unexpended Appropriations used (310700E) (5,000) 25. Total Budgetary Financing Sources (calc. 21..24) - 26. Total Unexpended Appropriations (calc. 20 + 25) - 27. Net Position (calc 17+26) 4,000 

STATEMENT OF BUDGETARY RESOURCES 

Performing Age
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 27 of 32 

Budgetary Resources:

1290 Appropriations (discretionary and mandatory) (411900E) 1890 Spending Authority from offsetting collections (425100E) 51910 Total Budgetary Resources 5

Status of Budgetary Resources:

2190 Obligations Incurred (490100E) 52204 Apportioned (461000E) 2490 Total Unobligated Balance, end of year 2500 Total Budgetary Resources 5

Change in obligated balance Unpaid Obligations: 

3012 Obligations Incurred (490100E) 53050 Unpaid Obligations, end of year (490100E) 53072 Change in Uncollected Payments, Fed source (425100E) (5,3090 Uncollected payments, Fed Sources, end of year (425100E) (5,

Memorandum (non-add) entries 

3200 Obligated Balance, end of year 5

STATEMENT OF BUDGETARY RESOURCES

Performing Agen

Budget Authority and Outlays, Net: 

4175 Budget Authority, Gross (discretionary and mandatory) 5,
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 28 of 32 

4178 Change in Uncollected payments, Fed Sources (discretionary and mandatory) (425100E) (5,0

4180 Budget Authority, net (total) 

SF 133: Report on Budget Execution and Budgetary Resources & 

Budget Program and Financing Schedule (Schedule P) 

Performing Agency 

SF 133 Schedule P 

BUDGETARY RESOURCESAll accounts: 

0900 Total new obligations (490100) 5,000 

Budget authority: Appropriations: Discretionary: 

1100 Appropriations (411900E) 1160 Appropriation, discretionary (total) 

Spending authority from offsetting collections: Discretionary: 

1701 Change in uncollected payments, Federal sources (425100E) 5,000 5,0001750 Spending Authority From offsetting collections, discretionary (total) 5,000 5,000

SF 133: Report on Budget Execution and Budgetary Resources & 

Budget Program and Financing Schedule (Schedule P) 

Performing Agency 

SF 133 Schedule P 

1900 Budget authority (total) 5,000 5,000 1910 Total budgetary resources 5,000 1930 Total budgetary resources available 5,000 

Memorandum (non-add) entries: All accounts: 

1940 Unobligated balance expiring (-) (461000E) 

STATUS OF BUDGETARY RESOURCES Obligations incurred: Direct 

2001 Category A (490100E) 5,000 2004 Direct obligations (total) 5,000 2190 Obligations incurred 5,000 

Unobligated balance: Apportioned: 

2500 Total budgetary resources 5,000 

Memorandum (non-add) entries: 

2501 Subject to apportionment (490100E) 5,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 29 of 32 

SF 133: Report on Budget Execution and Budgetary Resources & 

Budget Program and Financing Schedule (Schedule P)

Performing Agency 

SF 133 Schedule P 

CHANGE IN OBLIGATED BALANCE Unpaid obligations: 

3010 Obligations incurred, unexpired accounts (490100E) 5,000 5,000 3050 Unpaid obligations, end of year (490100E) 5,000 5,000 

Uncollected payments: 

3070 Change in uncollected pymts, Fed sources, unexpired accounts (425100E) (5,000) (5,000)3090 Uncollected pymts, Fed sources, end of year (425100E) (5,000) (5,000)

Memorandum (non-add) entries: 

3200 Obligated balance, end of year 5,000 5,000 

BUDGET AUTHORITY AND OUTLAYS, NET 

Discretionary: Gross budget authority and outlays: 

4000 Budget authority, gross 5,000 5,000 

Additional offsets against gross budget authority only: 

4050 Change in uncollected pymts, Fed sources, unexpired accounts (425100E) (5,000) (5,000)4060 Additional offsets against budget authority only (total) (5,000) (5,000)4070 Budget authority, net (discretionary) - - 4180 Budget authority, net (total) - - 4190 Outlays, net (total) - - 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 30 of 32 

Reclassified Financial Statements: 

RECLASSIFIED BALANCE SHEET 

Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

O

As

1 Assets 2 Non-Federal 2.5 Inventories and Related Property, Net (152100E, 152700E) 2.6 Property, Plant, and Equipment, Net (175000E) 4,0002.10 Total Non-Federal Assets (calc. 2.1..2.9) 4,000 3 Federal 3.1 Fund Balance with Treasury (RC40) (101000G) 5,000 3.3 Accounts Receivable (RC 22) /1 (131000E) 5,0003.14 Total Federal Assets 5,000 5,000 4 Total Assets (calc. 2.10..3.13) 5,000 9,000 5 Liabilities: 6 Non-Federal 6.1 Accounts Payable (211000E) 5,0006.10 Total Non-Federal Liabilities 5,0007 Federal 7.1 Accounts Payable (RC 22) /1 (211000E,) 5,000 7.13 Total Federal Liabilities (calc. 7.1..7.12) 5,000 8 Total Liabilities ( calc. 6.10..7.13) 5,000 5,000 9 Net Position: 9.2 Net Position– Funds Other Than Those From Dedicated Collections 

(310100E, 310700E, 510000E, 570000E, 615000E, 650000E,671000E, 880100E, 880200E, 880300E, 880400E) 

4,000 

10 Total Net Position (calc. 9.1+9.2) 4,000 11 Total Liabilities and Net Position (calc. 8+10) 5,000 9,000 

RECLASSIFIED STATEMENT OF NET COST 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 31 of 32 

Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

O

As

1 Gross Costs 2 Non-Federal Gross Costs (615000E, 671000E) 1,000 6 Total Non-Federal Gross Cost ( calc 2..5) 1,000 7 Federal Gross Cost 7.3 Buy/Sell Cost (RC 24) /2 (650000E, 610000E) 5,0007.4 Purchase of Assets – (RC 24) (880200E, 880300E, 880400E) 5,000 8 Total Federal Gross Cost (calc. 7.1..7.9) 5,000 5,000 9 Department Total Gross Cost (calc. 6+8) 5,000 6,000 10 Earned Revenue 12 Federal Earned Revenue 12.1 Benefit Program Revenue (RC 26) /2 (540000E, 540900E) 12.2 Buy/Sell Revenue (RC 24) /2 (510000E) 5,00012.3 Purchase of Assets Offset (RC 24) (880100E) (5,000) 13 Total Federal Earned Revenue (calc. 12.1..12.6) 5,000 (5,000) 14 Department Total Earned Revenue (calc. 11+13) 5,000 (5,000) 15 Net Cost of Operations (calc. 9-14) - 1,000 
Intragovernmental Capital Asset and Inventory Buy/Sell Transactions 

Page 32 of 32 

RECLASSIFIED STATEMENT OF CHANGES IN NET POSITION 

Performing 

Agency 

Ordering 

Agency 

Assumption 

1 

O

As

7 Budgetary Finance Sources: 7.1 Appropriation Received As Adjusted (Rescissions and Other Adjustments) 

(RC41)/1 (310100E) 

5,000 

7.2 Appropriations Used (RC 39) (310700E) (5,000) 7.3 Appropriations Expended (RC 39) (570000E) 5,000 7.18 Total Budgetary Financing Sources (calc. 7.1..7.17) 5,000 9 Net Cost of Operations (+/-) (1,000) 10 Ending Net Position Balance (calc. 7.18 and 9) 4,000 

Intragovernmental Eliminations: 

Agency USSGL RC Financial Statement Line 

Performing Agency 510000 24 SNC Line 12.2 (Buy/Sell Revenue) Ordering Agency 1, 2, 3 880200-

880400 

24 SNC Line 7.4 (Purchase of Assets) 

Performing Agency 650000 24 SNC Line 7.3 (Buy/Sell Cost) Ordering Agency 1, 2, 3 880100 24 SNC Line 12.3 (Purchase of Assets Offset) Performing Agency 131000 22 BS Line 3.3 (Accounts Receivable) Ordering Agency 1, 2, 3 211000 22 BS Line 7.1 (Accounts Payable)